A loan of $400 helped a member to purchase additional products to sell.


Martina's Group's story

Martina R. is from Pagadian City. She is 50 years old. Martina is the group leader of a two-member group loan offered by PMPC. While each member of the group receives an individual loan, they are all collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Martina is married and has five adult children. To make a living, Martina owns & operates a general store selling a variety of different products in the local community. Martina has been engaged in her business for over three years and earns approximately 4,500 PHP a month for these activities. In 2006, Martina joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Martina has successfully repaid a previous loan of 5,000.00 PHP from PMPC. Martina is requesting a new loan of 8,000 PHP, which will be used to purchase additional products to sell. This loan will be the fifth loan taken out by Martina from PMPC. She plans to use the additional revenue generated from the business to improve/expand her business. About PMPC: Paglaum Multi-Purpose Cooperative (PMPC) is one of the most progressive cooperatives in northwestern Mindanao. It reaches out to the rural poor using the Grameen model. *Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

In this group: Martina, Ofelia
*not pictured



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